Every state has set minimum amounts for auto insurance policies that each driver needs if they want to operate their vehicle on public roads and highways. In Texas, there is a 30/60/25 minimum; this minimum means coverage of $30,000 for each person injured in one crash, $60,000 for all injuries per incident, regardless of the number of people hurt, and $25,000 for property damage. Driving around with coverage that provides less than just one of these three requirements is illegal.
Auto insurance policy limits represent how large of a payout you can receive from your car insurance company after being in a car accident. As it is advertised by insurance companies, if you want to option to get more, you have to pay them more in monthly premiums. But is this standardized trade-off really the only way to get financial assistance after a car accident? And are those limits truly the real limitations of the amount you could earn?
Litigation Opens Doors to Greater Compensation
If you believe that someone else is liable for your car accident, you can look to them for compensation for your injuries. Realistically, $30,000 for your medical bills following a serious traffic collision will not be enough to take care of you. Paying out of pocket for expenses could be financially damaging, if not bankrupting; more than half of all personal bankruptcies filed are for medical debt. Litigation steps in and provides an opportunity to set things right and get more than the insurance policy’s limitation.
In particular, you may stand to gain a considerable amount of compensation if you are able to cite nominal and punitive damages in your car accident claim. Nominal damages relate to emotional trauma and reduced standard of living; the more you are negatively impacted beyond physical harm, the more you can hope to recover. Punitive damages are cited in cases where the liable party was committing a crime, like reckless or intoxicated driving, at the time of the collision.
To learn more about using a lawsuit to cover your damages, you should contact Brunkenhoefer, P.C. Injury Attorneys. Our Corpus Christi car accident lawyers would be happy to explain your options during a free consultation. We may also be able to estimate how much your case would be worth in court.